A loan of $1,125 helped purchase of miscellaneous household goods and transportation to village for resale.

Jacqueline's story

This is a group loan to be shared by the ten women of the Balandite 1 group, led by Ms. Jacqueline M.. This is the women's second Kiva loan. When the first loan was repaid, Balandite divided into two groups, Balandite 1 and Balandite 2, each of which is requesting a second Kiva loan.

When the group received their first loan they partitioned the money into portions of 25,000 CFA ($50), of 50,000 CFA ($100), or 75,000 CFA ($150), which were then distributed to the different group members. The different members work and function independently, while sharing the responsibility of repayment. They all sell mainly household products, but they do not all sell the same things. Some sell soap, pens, erasers, notebooks, basins, SOS pads, among other things. Other group members sell things like palm oil, peanuts and limes.

To learn more about this group, see Balandite's former Kiva business description at http://www.kiva.org/app.php?page=businesses&action=about&id=670.


Senegal is one of the world’s poorest countries, yet its solid democratic tradition and highly developed associational life distinguish it from other countries in its income group. Especially remarkable are Senegal’s networks of rotating savings and credit associations, known as tontines. Commonly organized by groups of twenty to thirty housewives who live in the same village, the tontines provide poor women throughout the country with small loans to finance modest income-generating activities. Repayment rates within these associations are excellent, because they are based on local reputation and personal trust between the members. However, their financial resources are limited to the contributions of their members, frequently subsistence farmers with very little disposable income. This has prevented the traditional tontines from meeting the demand for rural microenterprise loans and restricted their impact on the economic development of their communities. The SEM Fund works to bridge this gap by linking traditional village credit associations with outside sources of finance. Visit our website at www.sem-fund.org to learn more!

Loan details

Lenders and lending teams

Loan details